Wednesday, February 27, 2013

South Africa plans carbon tax from 2015

(Reuters) - South Africa, the continent's top greenhouse gas producer, plans to tax carbon emissions from January 2015, but will introduce some exemptions to protect industry and jobs, South Africa's finance minister said on Wednesday.

The tax, set at 120 rand (US$14) per tonne of carbon dioxide equivalent, has been criticized by carbon-intensive companies such as petrochemicals giant Sasol and ArcelorMittal South Africa who argue the state's attempt to curb emissions blamed for global

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